The Top Regular Savers Discussion Thread

friolento · 8 February at 12:14PM

https://forums.moneysavingexpert.com/discussion/comment/81875562#Comment_81875562

If you regularly follow the forum, and this particular thread, you will soon get a general feel of what people do about Regular Savers, as well as about other types of savings accounts and about investments.

I for one would not post on a public internet forum details on how I decide if/when/where to save and invest. Besides, I question the usefulness of knowing what others are doing and why, as everyone's circumstances are likely to be different.

friolento · 8 February at 12:21PM

https://forums.moneysavingexpert.com/discussion/comment/81875602#Comment_81875602

I have not clicked on the 'nosey' thread in ages as I find the willy-wagging and boasting not very helpful. I also found the thread a tad intrusive, so I left. Others might be turned on by it, and as long as they stay within the Forum rules, surely they are allowed to post away as much as they please.

EDIT: in case you haven't seen it, there is now a useful Mute feature on this forum

WillPS · 8 February at 12:29PM

https://forums.moneysavingexpert.com/discussion/comment/81875602#Comment_81875602

From my perspective it's removed a lot of one upping swagger from this thread, which is probably my least favourite constituent part of what goes on here. That being said I hardly touch that thread but religiously follow this one, so I suppose it's possible there is other stuff which I just miss altogether.

I know you put a lot of effort in to curating the experience on this thread and you know I'm super grateful for that. I defer to you on these matters as always, and implicitly trust your judgment with what should and shouldn't go on, I was just trying to offer the member a ready to go repository for some of the views he sought.

masonic · 8 February at 1:05PM

https://forums.moneysavingexpert.com/discussion/comment/81875562#Comment_81875562

There are basically 3 main variables to weigh up when deciding whether to go for an account: the rate, the duration, and the contribution limit. Then there are minor 'modifiers' like whether it runs on calendar vs account months, fixed vs variable, flexibility over access/contributions. People will have their own criteria over what is worthwhile.

I am not keen on 6 month accounts, as the overall interest achieved for the amount of work setting up and looking after the account is considerably lower. Likewise for very low limit accounts, although those with terms longer than a year can make up for this. While for rates, I would not normally go as low as 5.25%, but make an exception for Lloyds' standard RS because I already hold and fund a Club Lloyds current account + RS, so it is almost no effort to run the second RS alongside it (especially as I also have the Halifax + BoS ones being funded alongside).

Once a small lump sum destined to be ISA-wrapped in the new tax year is removed from my taxable savings, I'll be running with a very small easy access cash float and everything else circulating my estate of RS accounts.

s71hj · 8 February at 1:43PM

https://forums.moneysavingexpert.com/discussion/comment/81875640#Comment_81875640

The only reason I follow it is in case I miss anything. RS wise but I find it hugely frustrating when it veers into territory which is so blatantly in this thread's territory